Brent Sainsbury's (brentsainsbury) Blog

MADISON, WI - Wisconsin home sales and median prices both fell in the first quarter of 2009 compared to that same quarter last year according to data just released by the Wisconsin REALTORS® Association (WRA). The lingering national recession caused unemployment in Wisconsin to increase significa...

  Madison, WI Weekly Report April 27, 2009            Week Ending  27-Apr               Inventory   2009 2008 %Change   Downtown Houses 29 34 -17%   Downtown Condos 216 199 8%   West Houses 748 805 -8%   West Condos 823 968 -18%   East Houses 489 544 -11%   East Condos 432 454 -5%   Total Houses...

       Week Ending  13-Apr                   Inventory   2009 2008 %Change     Downtown Houses 29 32 -10%     Downtown Condos 209 203 3%     West Houses 748 794 -6%     West Condos 899 941 -5%     East Houses 489 545 -11%     East Condos 428 456 -7%     Total Houses 1266 1371 -8%     Total Condo...

       Week Ending  30-Mar               Inventory   2009 2008 %Change   Downtown Houses 29 26 10%   Downtown Condos 213 200 6%   West Houses 747 766 -3%   West Condos 914 906 1%   East Houses 475 536 -13%   East Condos 420 417 1%   Total Houses 1251 1328 -6%   Total Condos 1547 1523 2%   Grand ...

       Week Ending  23-Mar               Inventory   2009 2008 %Change   Downtown Houses 26 21 19%   Downtown Condos 213 200 6%   West Houses 731 766 -5%   West Condos 887 922 -4%   East Houses 473 544 -15%   East Condos 425 415 2%   Total Houses 1230 1331 -8%   Total Condos 1525 1537 -1%   Gran...

       Week Ending  16-Mar               Inventory   2009 2008 %Change   Downtown Houses 25 21 16%   Downtown Condos 206 199 3%   West Houses 723 734 -2%   West Condos 881 926 -5%   East Houses 465 533 -15%   East Condos 414 413 0%   Total Houses 1213 1288 -6%   Total Condos 1501 1538 -2%   Gran...

I attended a mortgage seminar last week and here are some of the highlights as they pertain to first time homebuyers and the changing lending market 1. Loan Level Price Adjustments for conventional loans. Unit recently most borrowers would qualify for a Lender's best rate with a FICO credit score...

       Week Ending  9-Mar               Inventory   2009 2008 %Change   Downtown Houses 24 22 8%   Downtown Condos 203 195 4%   West Houses 704 720 -2%   West Condos 868 922 -6%   East Houses 455 541 -19%   East Condos 411 420 -2%   Total Houses 1183 1283 -8%   Total Condos 1482 1537 -4%   Grand...

       Week Ending  2-Mar               Inventory   2009 2008 %Change   Downtown Houses 23 23 0%   Downtown Condos 208 191 8%   West Houses 676 684 -1%   West Condos 873 918 -5%   East Houses 456 534 -17%   East Condos 405 407 0%   Total Houses 1155 1241 -7%   Total Condos 1486 1516 -2%   Grand ...

       Week Ending  23-Feb               Inventory   2009 2008 %Change   Downtown Houses 23 25 -9%   Downtown Condos 206 178 14%   West Houses 682 685 0%   West Condos 883 909 -3%   East Houses 457 540 -18%   East Condos 408 404 1%   Total Houses 1162 1250 -8%   Total Condos 1497 1491 0%   Grand...